It's not as simple as a pure ETF! Can SOL also 'earn while you hold'?

Canary Funds has renamed its spot SOL ETF to 'Canary Marinade Solana ETF'. It's not just a name change; it also brings crypto ETFs into the next phase—an ETF that generates income.

They have partnered with Marinade Finance, the largest liquid staking protocol on Solana, to automatically stake investors' SOL for returns. In simple terms, without needing to open a wallet or operate DeFi, buying the ETF allows you to enjoy on-chain earnings. This aligns with the direction explored by major capital firms in the United States—allowing traditional investors to 'steadily participate in the crypto world'.

This logic is favorable:

SOL's on-chain ecosystem activity increases by 1, and TVL continues to grow;

Institutional products are no longer just price mappings but are genuinely participating in the network itself.

With Marinade already having over 7 million SOL staked, Canary's actions suggest that in the future, ETFs will no longer just be a 'shadow' of digital assets but will be a part of the on-chain ecosystem.